Memphis, TN vs Panama City, FL
Cost of Living Comparison
Memphis, TN is more affordable by 5.1 index points
Side-by-Side Comparison
| Category | Memphis, TN | Panama City, FL | Difference |
|---|---|---|---|
| Overall | 92.2 | 97.3 | -5.1 |
| Housing | 79.8 | 96.4 | -16.6 |
| Goods | 96.2 | 96.2 | -0.0 |
| Utilities | 74.1 | 88.1 | -14.0 |
| Other Services | 95.4 | 98.9 | -3.5 |
Income & Housing Comparison
| Metric | Memphis, TN | Panama City, FL |
|---|---|---|
| Median Household Income | $62,178 | $65,999 |
| Median Home Value | $207,500 | $246,800 |
| Median Monthly Rent | $1,091 | $1,311 |
| Per Capita Income | $35,194 | $36,868 |
Frequently Asked Questions
Is Memphis, TN or Panama City, FL cheaper to live in?
Memphis, TN is more affordable. The cost of living difference is 5.1 index points (Memphis, TN: 92.2, Panama City, FL: 97.3).
Where is housing cheaper, Memphis, TN or Panama City, FL?
Housing is more affordable in Memphis, TN. Housing index: Memphis, TN (79.8) vs Panama City, FL (96.4).